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Stripe announced a $600 million funding round on Sunday, boosting its valuation to $95 billion.
Stripe is now more valuable than SpaceX and is likely the most valuable private tech company ever.
Stripe s CFO says that Europe is a major growth opportunity, even as it doubles down on enterprise.
Stripe has raised a new $600 million round of funding that sends the online payments processor s valuation skyrocketing up to $95 billion, the company announced on Sunday.
That valuation makes Stripe the most valuable private tech company in the world, beating out SpaceX s last valuation of $72 billion. In fact, the Financial Times reports that Silicon Valley-based Stripe is now the most valuable privately-held tech company in history, surpassing the $80 billion or so mark achieved by Facebook ahead of its own IPO, or the $72 billion high-water mark hit by Uber.
Stripe continues cash haul, now valued at $95 billion clickorlando.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from clickorlando.com Daily Mail and Mail on Sunday newspapers.
Stripe’s Value Jumps to $95 Billion, Becomes Top U.S. Startup
Bloomberg 3/15/2021 Katie Roof
(Bloomberg) Stripe Inc.’s valuation almost tripled in less than a year to $95 billion with its latest funding round, making it the most valuable U.S. startup.
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The online payments processing company drew $600 million in its latest fundraising, Stripe said in a statement.
The valuation figure is at the top of the range Bloomberg News reported in November, when Stripe was in talks with investors that would boost its value to more than $70 billion, with the possibility of pushing it to as high as $100 billion. The valuation also overtook billionaire Elon Musk’s SpaceX and Instacart Inc., according to CBInsights data.
Sequoia Capital is a big VC winner in Stripe businessinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com Daily Mail and Mail on Sunday newspapers.